Updated Sep 9, 2024
Hanley Investment Group Sells Retail Property In Everett, WA For $2.8M With Buyer's Rep Michael Finch
1031 Southeast Everett Mall Way, Everett, Washington 98208, United States
$2,800,000
$933,333/SF
Building Size
3 SF
Asset Type
Retail
Closing
Jan 17, 2023
About this deal
AI
A retail property located at 1031 SE Everett Mall Way in Everett, WA has been sold for a price of $2,800,000. The property spans 3,816 square feet, resulting in a price-per-square-foot (PPSF) value of $734. The transaction took place on January 17th, 2023.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $2,800,000
- Address: 1031 SE Everett Mall Way, Everett, WA
- Market: Everett, WA
- Buyer's Representative: Michael Finch - CenturyPacific
- Seller's Representatives: Jeff Lefko & Bill Asher - Hanley Investment Group
- Square Footage: 3,816
- Price per Square Foot (PPSF): $734
Representing the buyer in this transaction was Michael Finch from CenturyPacific. On the other hand, Jeff Lefko and Bill Asher from Hanley Investment Group acted as the representatives for the seller. The deal was closed successfully, enabling the buyer to acquire the retail property on Everett Mall Way.
Players
Everett Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.67%
Cash-on-Cash
-1.62%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93